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Listed by Lucy Milivojevic • eXp Realty of Greater Los Angeles, Inc.
$ 1,900,000
Est. payment | /mo
5,331 SqFt
$ 1,900,000
Est. payment | /mo
5,331 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,331 sqft
Price per Sqft $356
MLS Listing ID CRSB25125861
HOA Y/N No
Year Built 1921
Lot Size 9,004 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
An opportunity to acquire an 11-unit building on a large corner lot. Originally 10 units, the property includes an Accessory Dwelling Unit (ADU), enhancing both income and value. The grounds have secured gates for privacy, and most units have received interior upgrades. Significant upside in rental income, attractive Gross Rent Multiplier (GRM) and Cap rate. This is an exceptional investment opportunity in the heart of San Pedro, just moments from schools, shops, restaurants, and freeway access. Also nearby is the waterfront promenade and 42-acre West Harbor project featuring waterfront dining, retail and fresh markets, waterside recreation and outdoor amphitheater. A great investment in a growing coastal community.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
View None
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227